Santa Clarita is one of the most desirable places to live in Los Angeles County, with a high quality of life, family-friendly neighborhoods, and thriving local businesses. From Valencia and Saugus to Canyon Country, Newhall, and Stevenson Ranch, self-employed residents and small business owners play a major role in the city’s economy. However, qualifying for traditional mortgages can be challenging due to tax deductions that lower reportable income. That’s where Santa Clarita Bank Statement Loans come in—helping borrowers qualify using actual bank deposits instead of tax returns or W-2s.
At Independent Home Finance Inc., we specialize in helping Santa Clarita’s self-employed buyers, freelancers, and entrepreneurs secure home financing tailored to their unique income situations.
Key Benefits of a Bank Statement Loan
No Tax Returns Required
You don’t need W-2s or tax returns to qualify.
Higher
Loan Limits
Borrow more than with traditional mortgage options.
Flexible Income Verification
Approval is based on bank statements, not reported income.
Multiple Property Types Allowed
Finance primary homes, second homes, or investments.
With a Bank Statement Loan, self-employed borrowers can qualify using their actual cash flow, making homeownership more accessible.
What Are Santa Clarita Bank Statement Loans?
These mortgage programs are designed for self-employed individuals or independent professionals who may not have traditional income documentation. Instead of using W-2s or filed tax returns, we assess 12 months of bank statements to determine qualifying income.
Who Qualifies for Santa Clarita Bank Statement Loans?
Borrowers should be self-employed for 2+ years, or have at least 20 months in business with relevant experience. A consistent 12-month deposit history is required.
Typical borrower profiles in Santa Clarita include:
- Real estate agents and property investors
- Home service providers and tradespeople
- Independent contractors and creative professionals
- Tech consultants and business owners
- Retirees with alternative income sources
A credit score of 620+ is recommended. Borrowers should also be two years clear of major credit events like bankruptcy or foreclosure.
Common Bank Statement Loan Questions:
How the Santa Clarita Bank Statement Loans Process Works
- Provide 12 Months of Bank Statements
- Personal accounts: 100% of deposits counted as income.
- Business accounts: 50–65% of deposits used depending on business expenses.
- Underwriting Review: A CPA letter may be requested but can often be waived with strong deposit records.
- Funding: Use your loan for a home purchase, refinance, or cash-out transaction.
Why Choose Independent Home Finance Inc. for Santa Clarita Bank Statement Loans?
From the master-planned communities of Valencia to the scenic hillside homes in Canyon Country, Santa Clarita offers incredible opportunities for self-employed homebuyers. At Independent Home Finance Inc., we provide customized solutions, fast approvals, and mortgage guidance built around your real financial profile.
Call (888) 315-7784 or Apply Online Now to get started with a Santa Clarita Bank Statement Loan today.
How much do you qualify for?
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